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Expected value and profit loss. Please show work, and calculator function Question 8 3 pts Provide an appropriate response. A contractor is considering a sale

Expected value and profit loss. Please show work, and calculator function

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Question 8 3 pts Provide an appropriate response. A contractor is considering a sale that promises a profit of $26,000 with a probability of 0.6 or a loss (due to bad weather, strikes, and such) of $8000 with a probability of 0.4. What is the expected profit

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